NEW YORK (TheStreet) -- Today twitterTwitter (TWTR) suffered one of the largest 'Lockup Expiration Day' losses in history, closing down over 18% since yesterday's close.

Insiders at Twitter were finally allowed to sell their shares today. The results were ugly.

$TWTR two support lines on the daily chart couldn't save the price drop into that deep hole. http://stks.co/a0WQc

-- liya Wong (@humble747) May. 6 at 01:45 PM

$SPY See How They Fall: $TWTR intraday -16% swan dive: Awesome http://stks.co/s0I7G

-- BL834 (@Lach14) May. 6 at 01:53 PM

Yikes!

Follow me on StockTwits: @chicagosean

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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